501A.705 - REMOVAL OF DIRECTORS.

        501A.705  REMOVAL OF DIRECTORS.         1.  Modification.  The provisions of this section apply unless      modified by the articles or the bylaws.         2.  Removal of directors.  A director may be removed at any      time, with or without cause, if all of the following apply:         a.  The director was named by the board to fill a vacancy.         b.  The members have not elected directors in the interval      between the time of the appointment to fill a vacancy and the time of      the removal.         c.  A majority of the remaining directors present      affirmatively vote to remove the director.         3.  Removal by members.  Any one or all of the directors may      be removed at any time, with or without cause, by the affirmative      vote of the holders of a majority of the voting power of membership      interests entitled to vote at an election of directors, provided that      if a director has been elected solely by the patron members or the      holders of a class or series of membership interests as stated in the      articles or bylaws, then that director may be removed only by the      affirmative vote of the holders of a majority of the voting power of      the patron members for a director elected by the patron members or of      all membership interests of that class or series entitled to vote at      an election of that director.         4.  Election of replacements.  New directors may be elected at      a meeting at which directors are removed.  
         Section History: Recent Form
         2005 Acts, ch 135, §39